Skip to main content
Erschienen in: Asia Pacific Journal of Management 2/2008

01.06.2008

Attributive change in top management teams as a driver of strategic change

verfasst von: Riu Yokota, Hitoshi Mitsuhashi

Erschienen in: Asia Pacific Journal of Management | Ausgabe 2/2008

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This study examines the role of top management team (TMT) member succession in breaking organizational inertia. We compare the impact of two types of change in TMTs—in member number and demographic heterogeneity—on subsequent strategic reorientation using data on the diversification activities of firms in the Japanese textile industry. Our findings suggest that executive succession does not trigger strategic change unless succession entails change in the values and interests of executives embedded in their demographic traits.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Anhänge
Nur mit Berechtigung zugänglich
Fußnoten
1
We use the following equation to obtain the logit transformed dependent variables (Ashton, 1976) \( D_{L} = \ln {\left( {\frac{s} {{1 - s}}} \right)} \) D L: Logit transformed dependent variable s: Dependent variable
 
2
Results for the robustness test are available from the authors on request.
 
3
This part of the discussion owes much to the thoughtful and helpful comments from one of the anonymous reviewers. The authors are, of course, responsible for the entire content of this paper.
 
Literatur
Zurück zum Zitat Amburgey, T. L., & Miner, A. S. 1992. Strategic momentum: The effects of repetitive, positional, and contextual momentum on merger activity. Strategic Management Journal, 13: 335–348.CrossRef Amburgey, T. L., & Miner, A. S. 1992. Strategic momentum: The effects of repetitive, positional, and contextual momentum on merger activity. Strategic Management Journal, 13: 335–348.CrossRef
Zurück zum Zitat Ashton, W. D. 1976. The logit transformation (Statistical Monograph). Port Jervis, NY: Lubrecht & Cramer. Ashton, W. D. 1976. The logit transformation (Statistical Monograph). Port Jervis, NY: Lubrecht & Cramer.
Zurück zum Zitat Bantel, K. A., & Jackson, S. E. 1989. Top management and innovations in banking: Does the composition of the top team make a difference? Strategic Management Journal, 10: 107–124.CrossRef Bantel, K. A., & Jackson, S. E. 1989. Top management and innovations in banking: Does the composition of the top team make a difference? Strategic Management Journal, 10: 107–124.CrossRef
Zurück zum Zitat Barker, V. L. I., & Duhaime, I. 1997. Strategic change in turnaround companies: Theory and empirical evidence. Strategic Management Journal, 18: 18–35.CrossRef Barker, V. L. I., & Duhaime, I. 1997. Strategic change in turnaround companies: Theory and empirical evidence. Strategic Management Journal, 18: 18–35.CrossRef
Zurück zum Zitat Boeker, W. 1997. Strategic change: The influence of managerial characteristics and organizational growth. Academy of Management Journal, 40: 152–170.CrossRef Boeker, W. 1997. Strategic change: The influence of managerial characteristics and organizational growth. Academy of Management Journal, 40: 152–170.CrossRef
Zurück zum Zitat Cyert, R. M., & March, J. G. 1963. A behavioral theory of the firm. Englewood Cliffs, NJ: Prentice-Hall. Cyert, R. M., & March, J. G. 1963. A behavioral theory of the firm. Englewood Cliffs, NJ: Prentice-Hall.
Zurück zum Zitat Daily, C. M., & Dalton, D. R. 1992. Financial performance of founder-managed versus professionally managed small corporations. Journal of Small Business Management, 30: 25–34. Daily, C. M., & Dalton, D. R. 1992. Financial performance of founder-managed versus professionally managed small corporations. Journal of Small Business Management, 30: 25–34.
Zurück zum Zitat Eisenhardt, K. M., & Schoonhoven, C. 1990. Organizational growth: Linking founding team, strategy, environment and growth among U.S. semiconductor ventures. Administrative Science Quarterly, 35: 504–529.CrossRef Eisenhardt, K. M., & Schoonhoven, C. 1990. Organizational growth: Linking founding team, strategy, environment and growth among U.S. semiconductor ventures. Administrative Science Quarterly, 35: 504–529.CrossRef
Zurück zum Zitat Finkelstein, S., & Hambrick, D. C. 1996. Strategic leadership: Top executives and their effects on organizations. Minneapolis/St. Paul, MN: West Publishing. Finkelstein, S., & Hambrick, D. C. 1996. Strategic leadership: Top executives and their effects on organizations. Minneapolis/St. Paul, MN: West Publishing.
Zurück zum Zitat Geletkanycz, M. A., & Black, S. S. 2001. Bound by the past? Experience-based effects on commitment to the strategic status quo. Journal of Management, 27: 3–21.CrossRef Geletkanycz, M. A., & Black, S. S. 2001. Bound by the past? Experience-based effects on commitment to the strategic status quo. Journal of Management, 27: 3–21.CrossRef
Zurück zum Zitat Geletkanycz, M. A., & Hambrick, D. C. 1996. The external ties of top executives: Implications for strategic choice and performance. Administrative Science Quarterly, 42: 654–681.CrossRef Geletkanycz, M. A., & Hambrick, D. C. 1996. The external ties of top executives: Implications for strategic choice and performance. Administrative Science Quarterly, 42: 654–681.CrossRef
Zurück zum Zitat Goodstein, J., & Boeker, W. 1991. Turbulence at the top: A new perspective on governance structure changes and strategic change. Academy of Management Journal, 34: 306–333.CrossRef Goodstein, J., & Boeker, W. 1991. Turbulence at the top: A new perspective on governance structure changes and strategic change. Academy of Management Journal, 34: 306–333.CrossRef
Zurück zum Zitat Gordon, S. S., Stewart, W. H. J., Sweo, R., & Luker, W. A. 2000. Convergence versus strategic reorientation: The antecedents of fast-paced organizational change. Journal of Management, 26: 911–945.CrossRef Gordon, S. S., Stewart, W. H. J., Sweo, R., & Luker, W. A. 2000. Convergence versus strategic reorientation: The antecedents of fast-paced organizational change. Journal of Management, 26: 911–945.CrossRef
Zurück zum Zitat Hambrick, D. C., Cho, T. S., & Chen, M.-J. 1996. The influence of top management team heterogeneity on firms’ competitive moves. Administrative Science Quarterly, 41: 659–684.CrossRef Hambrick, D. C., Cho, T. S., & Chen, M.-J. 1996. The influence of top management team heterogeneity on firms’ competitive moves. Administrative Science Quarterly, 41: 659–684.CrossRef
Zurück zum Zitat Hambrick, D. C., & Mason, P. A. 1984. Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9: 193–206.CrossRef Hambrick, D. C., & Mason, P. A. 1984. Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9: 193–206.CrossRef
Zurück zum Zitat Hannan, M. T., & Freeman, J. 1984. Structural inertia and organizational change. American Sociological Review, 49: 149–164.CrossRef Hannan, M. T., & Freeman, J. 1984. Structural inertia and organizational change. American Sociological Review, 49: 149–164.CrossRef
Zurück zum Zitat Haveman, H. A. 1992. Between a rock and a hard place: Organizational change and performance under conditions of fundamental environmental transformation. Administrative Science Quarterly, 37: 48–75.CrossRef Haveman, H. A. 1992. Between a rock and a hard place: Organizational change and performance under conditions of fundamental environmental transformation. Administrative Science Quarterly, 37: 48–75.CrossRef
Zurück zum Zitat Helmich, D., & Brown, W. 1972. Successor type and organizational change in the corporate enterprise. Administrative Science Quarterly, 17: 371–381.CrossRef Helmich, D., & Brown, W. 1972. Successor type and organizational change in the corporate enterprise. Administrative Science Quarterly, 17: 371–381.CrossRef
Zurück zum Zitat Janis, I. 1982. Groupthink: Psychological studies of policy decisions and fiascoes. Boston: Houghton Mifflin. Janis, I. 1982. Groupthink: Psychological studies of policy decisions and fiascoes. Boston: Houghton Mifflin.
Zurück zum Zitat Knight, D., Pearce, C. L., Smith, K. G., Olian, J. D., Sims, H. P., Smith, K. et al. 1999. Top management team diversity, group process, and strategic consensus. Strategic Management Journal, 20: 445–465.CrossRef Knight, D., Pearce, C. L., Smith, K. G., Olian, J. D., Sims, H. P., Smith, K. et al. 1999. Top management team diversity, group process, and strategic consensus. Strategic Management Journal, 20: 445–465.CrossRef
Zurück zum Zitat Lant, T. K., Milliken, F. J., & Batra, B. 1992. The role of managerial learning and interpretation in strategic persistence and reorientation: An empirical exploration. Strategic Management Journal, 13: 585–608.CrossRef Lant, T. K., Milliken, F. J., & Batra, B. 1992. The role of managerial learning and interpretation in strategic persistence and reorientation: An empirical exploration. Strategic Management Journal, 13: 585–608.CrossRef
Zurück zum Zitat Lawrence, B. S. 1997. The black box of organizational demography. Organization Science, 8: 1–22.CrossRef Lawrence, B. S. 1997. The black box of organizational demography. Organization Science, 8: 1–22.CrossRef
Zurück zum Zitat Mayes, B. T., & Allen, R. W. 1977. Toward a definition of organizational politics. Academy of Management Review, 2: 672–678.CrossRef Mayes, B. T., & Allen, R. W. 1977. Toward a definition of organizational politics. Academy of Management Review, 2: 672–678.CrossRef
Zurück zum Zitat Mitsuhashi, H., & Greve, H. R. 2004. Powerful and free: Intraorganizational power and the dynamics of corporate strategy. Strategic Organization, 2: 107–132.CrossRef Mitsuhashi, H., & Greve, H. R. 2004. Powerful and free: Intraorganizational power and the dynamics of corporate strategy. Strategic Organization, 2: 107–132.CrossRef
Zurück zum Zitat Nystrom, P. C., & Starbuck, W. H. 1984. To avoid organizational crisis-unlearn. Organizational Dynamics, 12: 53–65.CrossRef Nystrom, P. C., & Starbuck, W. H. 1984. To avoid organizational crisis-unlearn. Organizational Dynamics, 12: 53–65.CrossRef
Zurück zum Zitat Ocasio, W. 1994. Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960–1990. Administrative Science Quarterly, 39: 285–312.CrossRef Ocasio, W. 1994. Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960–1990. Administrative Science Quarterly, 39: 285–312.CrossRef
Zurück zum Zitat O’Reilly, C. A., Caldwell, D. F., & Barnett, W. P. 1989. Work group demography, social integration, and turnover. Administrative Science Quarterly, 34: 21–37.CrossRef O’Reilly, C. A., Caldwell, D. F., & Barnett, W. P. 1989. Work group demography, social integration, and turnover. Administrative Science Quarterly, 34: 21–37.CrossRef
Zurück zum Zitat Pitcher, P., & Smith, A. D. 2001. Top management team heterogeneity: Personality, power, and proxies. Organization Science, 12: 1–18.CrossRef Pitcher, P., & Smith, A. D. 2001. Top management team heterogeneity: Personality, power, and proxies. Organization Science, 12: 1–18.CrossRef
Zurück zum Zitat Priem, R. L., Lyon, D. W., & Dess, G. G. 1999. Inherent limitations of demographic proxies in top management team heterogeneity research. Journal of Management, 25: 935–953.CrossRef Priem, R. L., Lyon, D. W., & Dess, G. G. 1999. Inherent limitations of demographic proxies in top management team heterogeneity research. Journal of Management, 25: 935–953.CrossRef
Zurück zum Zitat Prowse, S. D. 1995. Corporate governance in international perspective: A survey of corporate control mechanisms among large firms in the U.S., U.K., Japan, and Germany. Financial Markets, Institutions and Instruments, 4: 1–62. Prowse, S. D. 1995. Corporate governance in international perspective: A survey of corporate control mechanisms among large firms in the U.S., U.K., Japan, and Germany. Financial Markets, Institutions and Instruments, 4: 1–62.
Zurück zum Zitat Shane, S. 2000. Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11: 448–469.CrossRef Shane, S. 2000. Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11: 448–469.CrossRef
Zurück zum Zitat Shen, W., & Cannella, A. A. 2002. Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. Academy of Management Journal, 45: 717–733.CrossRef Shen, W., & Cannella, A. A. 2002. Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. Academy of Management Journal, 45: 717–733.CrossRef
Zurück zum Zitat Smith, K. G., Smith, K. A., Olian, J. D., Sims, H. P., O’Bannon, D. P., & Scully, J. A., 1994. Top management team demography and process: The role of social integration and communication. Administrative Science Quarterly, 39: 412–438.CrossRef Smith, K. G., Smith, K. A., Olian, J. D., Sims, H. P., O’Bannon, D. P., & Scully, J. A., 1994. Top management team demography and process: The role of social integration and communication. Administrative Science Quarterly, 39: 412–438.CrossRef
Zurück zum Zitat Sorensen, J. B. 1999. The ecology of organizational demography: Managerial tenure distributions and organizational competition. Industrial and Corporate Change, 8: 713–744.CrossRef Sorensen, J. B. 1999. The ecology of organizational demography: Managerial tenure distributions and organizational competition. Industrial and Corporate Change, 8: 713–744.CrossRef
Zurück zum Zitat StataCorp, 2001. Stata 7 reference Su-Z, 4. College Station, TX: Stata Press. StataCorp, 2001. Stata 7 reference Su-Z, 4. College Station, TX: Stata Press.
Zurück zum Zitat Tihanyi, L., Ellstrand, A. E., Daily, C. M., & Dalton, D. R. 2000. Composition of the top management team and firm international diversification. Journal of Management, 26: 1157–1177.CrossRef Tihanyi, L., Ellstrand, A. E., Daily, C. M., & Dalton, D. R. 2000. Composition of the top management team and firm international diversification. Journal of Management, 26: 1157–1177.CrossRef
Zurück zum Zitat Tushman, M. L., & Rosenkopf, L. 1996. Executive succession, strategic reorientation and performance growth: A longitudinal study in the U.S. cement industry. Management Science, 42: 939–953. Tushman, M. L., & Rosenkopf, L. 1996. Executive succession, strategic reorientation and performance growth: A longitudinal study in the U.S. cement industry. Management Science, 42: 939–953.
Zurück zum Zitat Webber, S., & Donahue, L. 2001. Impact of highly and less job-related diversity on work group cohesion and performance: A meta-analysis. Journal of Management, 27: 141–162.CrossRef Webber, S., & Donahue, L. 2001. Impact of highly and less job-related diversity on work group cohesion and performance: A meta-analysis. Journal of Management, 27: 141–162.CrossRef
Zurück zum Zitat Wiersema, M. F. 1992. Strategic consequences of executive succession within diversified firms. Journal of Management Studies, 29: 73–95.CrossRef Wiersema, M. F. 1992. Strategic consequences of executive succession within diversified firms. Journal of Management Studies, 29: 73–95.CrossRef
Zurück zum Zitat Wiersema, M. F., & Bantel, K. A. 1992. Top management team demography and corporate strategic change. Academy of Management Journal, 35: 91–122.CrossRef Wiersema, M. F., & Bantel, K. A. 1992. Top management team demography and corporate strategic change. Academy of Management Journal, 35: 91–122.CrossRef
Zurück zum Zitat Wiersema, M. F., & Bird, A. 1993. Organizational demography in Japanese firms: Group heterogeneity, individual dissimilarity, and top management team turnover. Academy of Management Journal, 36: 996–1025.CrossRef Wiersema, M. F., & Bird, A. 1993. Organizational demography in Japanese firms: Group heterogeneity, individual dissimilarity, and top management team turnover. Academy of Management Journal, 36: 996–1025.CrossRef
Zurück zum Zitat Williams, K., & O’Reilly, C. A. 1998. FS Demography and diversity in organizations: A review of 40 years of research. In B. M. Staw and L. L. Cummings (eds). Research in Organizational Behavior, 20: 77–140. Williams, K., & O’Reilly, C. A. 1998. FS Demography and diversity in organizations: A review of 40 years of research. In B. M. Staw and L. L. Cummings (eds). Research in Organizational Behavior, 20: 77–140.
Metadaten
Titel
Attributive change in top management teams as a driver of strategic change
verfasst von
Riu Yokota
Hitoshi Mitsuhashi
Publikationsdatum
01.06.2008
Verlag
Springer US
Erschienen in
Asia Pacific Journal of Management / Ausgabe 2/2008
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI
https://doi.org/10.1007/s10490-007-9060-5

Weitere Artikel der Ausgabe 2/2008

Asia Pacific Journal of Management 2/2008 Zur Ausgabe

Premium Partner